The Scripps Research Institute, the recipient of the largest subsidy in Florida history and linchpin of the state’s $1.5 billion bet on biotech, faces “ongoing financial pressures,” bond rating agency Fitch said this week.

The nonprofit lab has been losing money since 2012, Fitch said, reflecting a tighter NIH budget, a loss of drug company revenue and fundraising challenges.

Scripps’ “plans to balance operations with a combination of strict cost …

Florida posted the nation’s third-highest job growth over the past year, but unemployment rose as workers returned to the work force.

Florida added 268,500 jobs from May 2014 to May 2015, a 3.5 percent pace that trailed only Utah and Washington, the U.S. Bureau of Labor Statistics says today. But the state’s seasonally adjusted unemployment rate rose to 5.7 percent in May from 5.6 percent in April, according to …